What's wrong with this short change of base proof?

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Okay so I think I have a very trivial and short proof for the change of base rule but I'm worried it might be circular or wrong since I see it nowhere.

To prove $$\log_bx = \frac{\log_ax}{\log_ab}$$

Proving that $\log_ax = \log_ab*\log_bx$ will prove the above since it's the result of multiplying both sides by $\log_ab$ and hence the same relationship.

$\log_ab*\log_bx = \log_ab^{\log_bx}$ // Logarithm power rule.

$\log_ab^{\log_bx} = \log_ax$ // By definition $b^{\log_bx} = x$

Q.E.D. ?